v3.25.2
Condensed Statements of Changes in Convertible Preferred Stock and Stockholders’ Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Temporary equity, beginning balance at Dec. 31, 2023 $ 74,475        
Temporary equity, ending balance at Mar. 31, 2024 74,475        
Beginning balance at Dec. 31, 2023 (39,737) $ 1 $ 1,328 $ 356 $ (41,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock compensation expense 168   168    
Net income (loss) (3,600)       (3,600)
Other Comprehensive income (loss), net 42     42  
Ending balance at Mar. 31, 2024 (43,127) 1 1,496 398 (45,022)
Temporary equity, beginning balance at Dec. 31, 2023 74,475        
Temporary equity, ending balance at Jun. 30, 2024 74,475        
Beginning balance at Dec. 31, 2023 (39,737) 1 1,328 356 (41,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (7,772)        
Other Comprehensive income (loss), net (15)        
Ending balance at Jun. 30, 2024 (47,186) 1 1,666 341 (49,194)
Temporary equity, beginning balance at Mar. 31, 2024 74,475        
Temporary equity, ending balance at Jun. 30, 2024 74,475        
Beginning balance at Mar. 31, 2024 (43,127) 1 1,496 398 (45,022)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock compensation expense 170   170    
Net income (loss) (4,172)       (4,172)
Other Comprehensive income (loss), net (57)     (57)  
Ending balance at Jun. 30, 2024 (47,186) 1 1,666 341 (49,194)
Temporary equity, beginning balance at Dec. 31, 2024 74,475        
Increase (Decrease) in Temporary Equity [Roll Forward]          
Issuance of preferred stock in private placement, net of issuance cost 19,542        
Exercise of preferred stock warrant 130        
Temporary equity, ending balance at Mar. 31, 2025 94,147        
Beginning balance at Dec. 31, 2024 (54,695) 1 2,148 197 (57,041)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock 32   32    
Stock compensation expense 127   127    
Net income (loss) (4,662)       (4,662)
Other Comprehensive income (loss), net (116)     (116)  
Ending balance at Mar. 31, 2025 (59,314) 1 2,307 81 (61,703)
Temporary equity, beginning balance at Dec. 31, 2024 74,475        
Temporary equity, ending balance at Jun. 30, 2025 126,700        
Beginning balance at Dec. 31, 2024 (54,695) 1 2,148 197 (57,041)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (23,858)        
Other Comprehensive income (loss), net (115)        
Ending balance at Jun. 30, 2025 (78,200) 1 2,616 82 (80,899)
Temporary equity, beginning balance at Mar. 31, 2025 94,147        
Increase (Decrease) in Temporary Equity [Roll Forward]          
Issuance of preferred stock in private placement, net of issuance cost 31,903        
Exercise of preferred stock warrant 650        
Temporary equity, ending balance at Jun. 30, 2025 126,700        
Beginning balance at Mar. 31, 2025 (59,314) 1 2,307 81 (61,703)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock 119   119    
Stock compensation expense 190   190    
Net income (loss) (19,196)       (19,196)
Other Comprehensive income (loss), net 1     1  
Ending balance at Jun. 30, 2025 $ (78,200) $ 1 $ 2,616 $ 82 $ (80,899)